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Fyffes revenues for 2014 up 0.8%
27 Feb 2015 17:05
Fruit distributor Fyffes has reported a 0.8% increase in total revenues for last year, while earnings per share rose by 26.6% to 11.17 cent.
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Total revenues, which includes the group's share of its joint ventures, came in at €1.091 billion, on the back of organic growth in the pineapple and melon divisions, which was offset by price deflation in bananas and pineapples.
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Fyffes said its adjusted pre-tax profits for the year to the end of December increased by 25.3% to €39m.
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The board has proposed a final dividend for 2014 of €1.673 cent per share, up 12.3% on the previous year. Total dividends for 2014 are up 10% to €2.387 cent.
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The company's chief executive David McCann said that 2014 was the company's sixth year of earnings growth in a row.
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He said the company was targeting EBIT for this year of between €36-42m compared to €40.1m last year.
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